In effect, the developer is finishing the project and “turning the key” over to the new owner.This type of arrangement is commonly used for construction projects ranging from single buildings to large-scale developments.

I just dealt with something similar yesterday, but on a smaller scale.  

37 is an amazing number and I'm curious how you have been able to scale and get approved for these loans.

This way you have a sliding scale that can account for discrepancies relating to property condition i.e. quality and desirability of each property.

I am a small scale RE investor after a career of being a lawyer doing Family Law work mostly.  

I may not have enough money to get into some of the larger apartment complexes where economy of scale starts to take affect. 2.

When times start to get bad, they scale back to 75, 70 or even 60% because they know values are dropping and they want extra cushion. 

I also started a career in sales with performance-based income that I will be able to scale for several years to come.

The scale is on an A to F range and corresponds to various risk metrics.

A combination of show 42 and this post tipped the scale and sent me down the road to a PRO status upgrade.